Thread: Guitar thread
View Single Post
Old 01-26-2013, 05:24 PM   #1347
Loud Helmets Save Lives
DangerMoney's Avatar
Joined: Mar 2005
Location: Escondido, CA, USA, Earth, Milky Way, Local Group
Oddometer: 1,468
Fender has a big debt load due to all the other guitar companies they've bought:
Squier, Jackson, Guild, Ovation and Latin Percussion, which we own, and Gretsch, EVH (Eddie Van Halen) and Takamine, for which we are the licensee.
They tried to go public over the last year but the markets decided they didn't have the value to actually go through with the IPO. My guess is they've raised their product prices to help cover their debt load.
Originally Posted by Stevie2wheels
Even so I wouldn't sit there like a shag on a rock, waiting to be punched up the arse into next week by the next negligent drongo who happens to come along.
DangerMoney is offline   Reply With Quote